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journal and government executive for inviting me to this year's a cyber security summit because i can think of no more urgent topic in today's interconnected world. the cyber domain is woven into the fabric of our daily lives. while this increased productivity has led to significant transformations and advances across our country and around the world, it has increased the importance. the flip side of all the good that comes from the internet is that cyber attacks have increased over the next decade. here is a quick sense of scale. last year, u.s. computer emergency readiness team that surprise -- provides response for the federal civilian part of of the partners, last year, the u.s. responded to more than 106,000 incident reports and released more than 5000 actionable cyber security alerts. specialized teams for vulnerable and industrial systems. the words cyber security encompasses a broad range of malicious activity from the nile of service attacks to the theft of intellectual property to intrusions' against the government that works. last year, a water plant for a small town in tex
in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last. hollande, i can't man he is p
, university of maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but the speech never happened. john: he has positions on immigration that you disagree. i am not in alignment w
states as well. i have a jobs plan. we need to back government away from small business, need to have government reduce regulations that are such a burden on businesses so they can create jobs. we need to reform the tax code. we need to reduce energy costs. we need to help small businesses to create those opportunities. >> senator kerrey, you have 30 seconds. >> senator fischer signed a pledge that would require you should pay the same taxes employees pay. under your balanced budget, unemployment would double. i have examined the amendment, and it would double unemployment. >> i disagree. with regard to the buffet rule, if you are going to tax every millionaire, that can run the government for 17 hours. let's look for businesses to create jobs and make opportunities in the state, and we can do it by reducing regulations, by having an energy plan, by repealing "obamacare." >> the next question. >> a question in this cycle is, are we better at today than we were four years ago? are we? >> no, we are not better off with our economy, with our position in the world. we have seen a failure
it will coincide with our perspective, the libyan government understood and said clearly what happened. it was in direct contravention to what the president and spokesman said and were told. they have no other intelligence sources. >> i have spent enough times overseas, and most of my adult life, to know that sometimes you have to take with a grain of salt what the most country is stay -- host country is saying, i understand sometimes skepticism over host country, this is what happened. but, in this case, to your point, the libyan government of right. my 5-year-old boy could have figured it out this was a terrorist-related incident planned ahead of time just by looking at tactics used. fields of fire, the way that the attackers moved and all of the information leading up to this saying common sense would tell you this was a preplanned attack. lou: and we're watching our ambassador, lead to a safe house that was neither safe or protected. and the fact that the terrorists knew there was a safe house located at that position and at is where they killed him, led your intelligence analyst t
continue in greece and spain as those governments plan severe spending cuts on wages and pensions. leaders in spain expect a soft recession and aim for a 4.5 gdp, with an emphasis on cuts versus tax hikes. in greece, government officials approved an austerity package with spending cuts and fresh tax revenues needed to secure eu-imf loans. the government found nearly 400,000 jobs that went un- reported. each year, the labor department revises employment data. a preliminary revision shows 386,000 more jobs were created in the year ending in march than were reported, which means at least an extra 30,000 jobs were added each month, translating into 133.2 million people working versus 132.8. the .03% job gain is within the standard range of revisions. labor relations observers say the u.s. is seeing a rise in labor disputes leading to public protests and walkouts within the last year-and-a-half. in our cover story, why is labor using these tools, and will it continue? from public employees in wisconsin and chicago to the private sector - at american airlines, caterpiller and nfl referees - labo
denunciatory of the egyptian government, in my judgment. hillary put out a magnificent statement that follows the white house, repudiating the american embassy statement and making a statement calling the egyptian government to task. in libya, we were more conciliatory because the libyan president denounced the attack. but that is not adequate. if they can't control the cops and military, it is not a government. we should be denunciatory. i doubt there is a single country in the world left in civilization that would not have called back its ambassador. and certainly cut off, or put in terms that relates to the 2 billion that egypt receives from the united states, i am sure libya receives money. it was even greater because the american ambassador -- i am supportive of the arab spring. the times and elsewhere, i said to myself, they are not great people. but they are people that surely will turn out nice to us. it doesn't make any sense. >> the events of the last week, the embassy attacks, it will result in a further ongoing shift of jewish americans changing -- >> i think there is a little mor
, our federal government imposes the worst in the world, 35% tax on job creating businesses in our country. the average is 25%. i advocate reducing it to 20% because i think america should be better than average. doing that will help create over 500,000 jobs a year. that's an inpent analysis. tim's view is one of increasing taxes. folks, lower taxes create jobs, greater opportunity, makes our country competitive, and it's amazing to me that tim, who would raise taxes on people buys used cars and folks earning as little as $17,000 a year will then will be put in jeopardy, the hundreds of thousands of defense and technology jobs, and in my view, the men and women in our armed forces should never be used as a political bargaining chip to raise taxes on job creating small businesses. >> when you eliminate deductions, would you do that for everyone or high income earners? >> first, i'll point out the last rhetoric about taking veterans hostage on economic issues. that's exactly the kind of name calling we've got too much of in washington. we can debate policies, but that's the name call
of the government attempting to resolve its massive debt crisis. "international creditors are negotiating with the government about the next austerity measures. at this time, it looks as though the coutnry is going to have to make some really big cuts, and of course the people on the streets are not happy about that. the government workers are not happy because they are likely to be the focus of the cuts, and that is starting to manifest itself in civil unrest - and i think there's a good chance these strikes are just the beginning." that was jack ewing of the international hearld tribune. the greek government is planning $15 billion more in austerity measures to pay for money owed to private contractors and get access to loans from the european union and imf. meanwhile, protests are also flaring up in spain over another round of austerity measures. police baracaded madrid's parliament yesterday, in order to block thousands of protestors who sought to surround the building. the demonstration turned violent, as police in riot gear clashed with the thousands who showed up to protest. the c
face a government shut down. i think there will be a little bit of chicken game playing at the end of the year. and what most people in washington think will likely happen is they'll negotiate some way to say, here's a broad framework for what both sides want, let's work it out next year. we'll see. >> sheila, i kind of think americans are a little dilutional they are about the economic future and i'm glad they are. i'm glad everybody is feeling a little better, we all are. what has to happen so the financial system supports this. so from a year from now we're not talking about the big, evil, greedy banks and some sense that banks are actually helping america move forward? >> ironically, i think the interest rate policies that are pursuing does dampen the incentives to lend. regional banks that make their money by lending money and the return they can get by lending in an uncertain economy is still quite low. the larger institutions, it's not such a bad deal. they can take their cheap money and reinvest it overseas and they don't have to lend to make money. so, i don't think the ze
negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think therwill be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take their cheap money, reinvest it overseas, so i don't think the zero interest rate policies, i know they're designed to be doing just the opposite. also, congress needs to get its act together with the president and this administration. there needs to be, certainlily with the real economy, it was the game plan on pr
apparently shut it down. u.s. government is not required to mediate any disagreements between the two parties of the blue mountain libya partnership. saying it is currently satisfactory. there was no immediate response on the comment. a u.s. official is not denying reports the administration is laying the initial groundwork behind the attack as many as one dozen possible targets, ashley. ashley: thank you very much. let's get into this a little bit more, joining me now, retired united states army lieutenant colonel and former fox news middle east former senior advisor to governor romney and also author of the book "the coming revolution, struggling for freedom in the middle east." as we get more details on the events prior to the benghazi attacks it appears in the days, the weeks and the months prior there was plenty of warning signs. why is it these were the very least ignored? >> the main problem the administration has in libya is being unable to connect information from the various agencies. the fact there are militia on the ground proceeding as rebels. penetrated by al qaeda. because it w
debates later on. maybe you two can negotiate that. if you cut government benefits -- a secretly recorded video of mitt romney at a private fund- raiser was made public -- let's take a look. >> 47% of the people -- who will vote for the president a matter what. who believe the government has responsibility to care for them. who believe they are entitled to health care and food and housing, you name it. that is an entitlement. >> texas -- in 2010, 30.5% of texans filing era -- return paid no income tax. there is no data on how many texans get government assistance, but the census bureau found 24% get social security. 20 -- 14% did retirement income. 5% disability bed -- benefits and 14% from strands. mr. cruz, do you believe that government has a responsibility to care for them? >> of course not. i agree with mitt romney when he says his comments were poorly phrased. keefe said they were in elegantly stated. i think there is a difference. part of the philosophy of president obama is trying to get as many americans as possible dependent on government so that the democrats can stay in power
at the school level, government, generating data about education. how do you translate in to action? that's where we think it scrolled an important role. make sure that the data doesn't stay on the computer or the hard drive. get it to people so they can make decisions. that's one of the things we're trying to accomplish. are were a lot of other good points i would rather her about the panelists and the q & a i appreciate all the comments. >> one thing i wantedded to add too is the one most of the positive things about when i read your paper about what you're doing is for the practitioner, you are meeting an extremely important need. that is right now there are so many innovators and ideas out there they are everywhere. there's got to be a way to sort it. i think part of the concept is so important. it's like right now, in both places you go, people talk about the common core standards, and those are done. they have been adopted by 46 states. now is the implementation. it's a huge important step. what will we be doing differently in classrooms? almost every you see now is aligned with the
, a very different governing policy and a different philosophy. joe is very good on the attack, and trying to confuse the issues so that the person leaves the debate confused about who stands for what. my job is to make sure they are not confused about what we stand for and what they stand for. >> you have said olsen, a supreme court appellate lawyer, who won bush versus courgore, as -in. standin >> he is one of the best litigators in americate. he has studied joe biden's tapes and his style. host: he's been preparing for the debate with ted. in kentucky and that is the second of four debates. the first one in denver this wednesday between the president and mitt romney. fort meade is on a line for democrats, john, good morning. caller: good morning. thanks for taking my call. i have been a registered democrat all my life. my dad was a union electrician growing up in west virginia, the coal mining area. everybody is a democrat there. especially the last four years my opinion, i feel the administration is very weak. when the chinese are coming over here and winning contracts with stimulus mo
they are victims, that the government needs to take care of them, and that they are entitled to housing, you name it. part of that 47 percent said. what would you do about that? do you think that should change? and what do you think, generally, about too many virginians, too many americans being too dependent on government? >> you can say something off of the gulf that you regret. i disagree with what mitt romney's said. it is condescending and divisive. the last thing we need to do at this moment is divide people, one against each other. this nation is divided and of an alleged apart enough. people need to be brought together. as we talk about these long-term issues, the country's fiscal policy, we have to have shared sacrifice. everyone has to help if we are going to fix these issues. we have got an issue on the table that is immediate, that is going to call upon congress and the president, which is how to deal with these year-and budget cuts. i am a simple and specific idea about how we can come together. we will let the -- i have a simple and specific idea about how to come together. we will
the health- care system overnight, but one thing we can do is not rely on the government or the insurance companies. we can make this system more transparent so that you do not have to walk in blind when you choose your health care. if patients are increasingly frustrated with the problems of health care, know that a recent mayo study found that 46 percent of doctors feel they are burnt out. there is frustration on both sides. we have to face an important question now as a society. are we going to believe as a groups that patients have our right to know about the quality of their hospitals? for the first time, this information is being collected. if it brought there for the public more completely, if they could make -- if it was out there for the public more completely, they could make more informed decisions. host: yvonne and maryland accurate -- yvonne in maryland. caller: i have a question for you. i have a family member that is at a local hospital. they went in for a potassium replacement. i thought they would get it in the emergency room and just be there for one or two days. now the
elsewhere. he was not focused enough on the economy. his attention had been on things like a government takeover of health care and apologizing for america abroad." in our fact check that day, we quoted what obama had said in overseas trips, including an assertion that at times the u.s. had acted contrary to its own ideals or had been selective in where it sought to promote democracy. it had sometimes shown an arrogance toward allies. we pointed out that when he made those kinds of statements that suggested the u.s. is not completely above reproach, he usually balance it with praise for things the country had done right. all that -- that is in a long tradition of presidents acknowledging past imperfections. these cannot by any normal dictionaries amount to apologies. either formal or informal. again, last month, when romney accepted his party's nomination, he repeated the assertion that obama had begun his presidency with an apology tour, and obama had confessed the u.s. had "dictated to other nations." that fact check story went into greater detail, pointing out that obama's trips to e
, but apparently we are going to cover it. >> before we get to that, the government of hollande is about to present it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane in paris. it sounds like there will be a contrast with the spanish budget. it's tax hikes that seem to be the focus. >> in france it will be focus on tax hikes. that's the decision about to be announced by the french government. basically 20 billion euros in additional taxes in the budget for the next year. and only 10 billion euros in spending cuts. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in
. early last year mr. quinn floated the idea that the federal government could bail out, that is the federal government, you, could bail out his state's pension program if illinois' finances took a turn for the worse. critics are pouncing saying states cannot give away big benefit packages and then expect the federal taxpayer to come to the rescue. "the chicago tribune" says the stampede of other states with pension red ink could lead to a federal taxpayer bill of over $2 trillion. that's with a t, and let me tell you, folks, that's just one estimate. others put it between 1 trillion and 25 trillion that we could potentially get to. lou dobbs is host of "lou dobbs tonight" on the fox business network, he's also a syndicated radio host. so governor quinn in illinois can't figure out how to get himself out of these pensions that they've overpromised and feel like they're going to have to underdeliver on, and he's considering making the rest of us pay for them? [laughter] >> he's considering, he's hoping, he's begging, he's wishing. the fact of the matter is governor quinn
diplomats. and what is the signal that our government is sending the rest of the world? >> joining me now is traveling press secretary for the obama campaign. great to have you here. >> good morning. >> i want to remind everybody that if we need to interrupt and jump out of this because mitt romney will be sitting down with brian williams. so i just want to give you fair warning that we may have to jump over to that. but as we have heard, everybody has been tough on the president and rudy giuliani was asked about the president not having any by lot ral melateral meetin planned and here's what he had to say. >> he's not doing the job of being president, he's doing the job of candidate. president obama has decided at a time grave crisis that he regards as bump in the road that he can take the time not to be president for the next six weeks and let it just play itself out p. >> as we look back over history in 2004, george w. bush held five bilateral meetings at the u.n., last year president obama had 13 one-on-one meetings. just using the president's own examples of meetings from last year,
falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is sports is an escape. >> they said they will be back on the field tonight. >> i think the regular refs had a deal with the foot locker guy. >> did you see the story of the guy who actually made that call? he's a bank of america full-time banker. so you're a banker, a fill-in ref. the only way you could probably be less popu
government aid. that's a real contrast to senator mccain who in 2008 had a pretty aggressive housing plan this. administration ended up being less aggressive than the republican opposition wanted to in 2008. >> we'll have to leave it there. thank you bothful >> thank you. [captions copyright national cable satellite corp. 2012] >> there's a lot of research out there that, in fact, mobile usage is even higher among minority communities than it is among white communities. i've seen some startling research that in some of these minority communities, 70% or 80% of the usage of the broadband is through mobile applications. i'm not a critic of mobile broadband in any way whatsoever. after the wireless transition, we're in the business, so no reason for me to be critical. my comment is not a platform comment. it's more a device comment. and that is if you're going to do mobile on a laptop and get real broadband speed, l.t.e.-type speeds, i don't have any problem. if you're in the educational context and talking about mobile smart phone and a lot of this access of broadband, in minority communiti
they need nearly 60 billion euros more to expand the shock. the same time, the spanish government has said that the extra aid would push its budget deficit 7.4% of gdp in 2012, which is above the eu's target. so i don't know how she moves around so quickly from place to place, but from athens to madrid, here is julia. >> thanks very much, ross. you just have to bear with me if i make another freudian slip on greece versus spain. but right now, what we heard from the government over the weekend was that their deficit will be on target at 6.3%. but if you include the bank aid as you mentioned, 7.4%. they did make great pains to point out that european commission officials have not asked them to make any adjustments to reduce that number, but the question has to be asked what happens if they don't meet the deficit target of 6.3%. many analysts are expecting them to come in around 7% in terms of the target for this year. day take last week actually showed that the central government deficit came in just around 4.3% up to august. how, the full year target is 4.5% and then we're not even bringin
will show up to govern the white house. but those doubts all but evaporated, and i quote . . . here to discuss who is really eric bates, executive editor of "rollingstone" magazine. thanks for joining us. >> thank for having me. >> eliot: mitt romney did in fact -- the morph that destroyed him from moderate sensible creatable intellect to far-right stooge, how did he done that. >> we decided he would go to the far right, pose as a severe conservative, and then somehow magically shake the etch-a-sketch and come back to center. >> eliot: if he had been smarter and more nimble he would have said you know i'm going to etch-a-sketch, but he stuck to the far right and showed himself at the end of the day to approximate completely spineless. >> all along people have been saying who is the real mitt romney? how will we know what he really stands for? and i think the moment that was cemented into place was when he picked paul ryan. there was a lot of argument for him to pick centerist like pall leapty. and then gofer nor quest said this choice outlines the future for the
. many countries in the world have the registration modernization that means that the government register's people we and you don't have to turn in a paper form and it's not on the individual and because it is automatic more people registered and more people in the boating said it can be a good of increasing access or it can be bad in terms of manipulating rules. >> do you trust the electronic voting machines? >> i think there are certain safeguards we need to have in terms of electronic voting machines. we need audits and backup systems which more monitoring. the best analogy is las vegas. they have electronic machines in terms of the gaming machines and there are people who are on the inside who manipulate some of the machines, people who have been caught and imprisoned and as a result they have procedures to check the folks that were on these machines it isn't like a slot machine and it's important that we have checks come structural checks to ensure there is intent bearing or fraud or a problem. >> you use the word suppression the new politics of the voter suppression. how're they sup
of europe. france's new socialist government unveiling plans for a 75% super tax. stuart varney host of "varney & company", fox business network. glad you're happy you left 35 years ago. what's up? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on div
is going to do it wrong. there's no real problem between our government and the israeli government. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say lo
or not we are going to stand by and allow our government to openly lie to us about why did chris stevens die? why did three other americans die with him? what did we know? when did we know it? why do we continue to blame a 13 minute youtube video when it was over didn't this was not a spontaneous mob. that was the official story that came from the white house and the state department. >>neil: what do you think might have been the reason for not calling it a terrorist attack or getting this stuff out about cables and communications? where is the political downfall or risk in just calling a spade a spade? >>governor huckabee: it is hard for me to understand. i am guessing. it is inexplicable why you would not go out and say, look this was a terrorist attack. it is september 11th, this is a special day to news terms of our memories. it is a special day to them because they think it was a great victory for them. the only thing you can begin to imagine is that with the death of osama bin laden it may be that the administration wanted to say, see, the war on terror is over. but this is a whole net
: violence erupting this week in spain and greece over government austerity measures are reminders the european debt crisis is far from solved. today, spain unveiled its 2013 budget, promising more big budget cuts as the government tries to reduce its heavy deficit. as turmoil and tension in the euro-zone escalates, there remain questions about the longevity of the euro currency. today, italian prime minister mario monti said he doesn't think any country will leave the union. erika miller reports from new york. >> reporter: as italian prime minister mario monti left today's event, he dodged reporters and walked straight to a waiting car. earlier at the forum, it was a different story. calm, cool and collected, monti stayed carefully on message. he made it clear italy is better off as part of the european union. >> the euro brought to italy a single currency, shared with all the others, that is very important economically. >> reporter: monti also emphasized the benefits of the common currency for other member countries, like germany. >> thanks to the euro, germany was able and is ab
calls meager benefits. lori: does the government need to regulate or gps? [talking over each other] lori: this is something. melissa: guess who would pay for it? regulation nation series continues. regulate your gps. melissa: maybe it find that when gives you bad direction. lori: that is okay with me. melissa: time to head to the stock exchange with nicole petallides. stocks trading lower today. nicole: they tried the rally once again. at 13,600 rally. we tried it before and try it again and they lose it. the high of the day 13,620 on the dow jones industrials. interday charge shows we sold off after the noon hour as we started to hear from the filly head. talking about monetary policy and pretty pessimistic and that played into this market as well as the fact that the imf may not give greece there nick heymann. lot of calls for a market that started pretty strong and another thing digesting its caterpillar having to repair products saying we won't make the profits we expected in years to come because economic growth is dwindling. with that through 2015 they are cutting their numbers. no
with occupying forces and the israeli government. the settler is attack should not surprise anyone, for it is the inherent code on the continuation of occupation anti-dormant policy that deems the satisfaction to be the absolute priority. it is that isreali curriculum and extremist opinions that are ripe with hatred and are rooted in discriminatory laws created and enacted over the years against the palestinian people, as well as by the security apparatus which provide excuse after excuse for the accelerated -- the fabricate excuses for soldiers who have committed what are clearly considered crimes and acts of murder, torture, and abuse. over the past year since the convening of the general assembly's previous assembly, the occupying insisted -- it is a campaign aimed at altering the mankind.s it is a campaign of ethnic cleansing against the palestinian people via demolition of their homes and prevention of their construction and residency rights and the denial of basic .ervices and schools they took the city and prevent millions of palestinians from 3 accessing its schools, church
to it that the real debate is about how we get it done and also the nature of the government that is the consequence of how gets them. obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of which is particularly healthy in terms of economic growth. if you have taxes going up in the united states and expenditures going down ultimately that has to happen if you are going to solve that math problem in a slow growth while. >> at the same in europe and the same everywhere. we all grew up with spending more money.
just said to dagen and fewer viewers. he is absolutely right. the government is too big. we have all of these taxes to worry about if we do not cut spending. it has become the biggest financial institution in the world and that is why we are more worried today about uncertainty and what has happened is the risk reward ratio has changed for business. there is more risk and potentially a lot less rewards. businesses are holding back and that increases the odds of recession. the three what todd would you put on recession given the fact, again, this morning we are optimistic -- maybe not, maybe things are looking pretty good. what odds do you put on recession? >> when we had our soul patch, we did not change our hearts. we stayed at 10%. that is 10%. this year as we have had this slow patch, especially a big drop in production, big drop in durable good orders, machinery orders are down 10% from a year ago, these numbers concern us. even though the economy is growing, companies are holding back. they are holding cash. they are not making new orders. that worries us. that may seem low to p
businesses know that the government is not going to pull the rug out from under them. talk to a small-business person, a manufacturer, someone holding on a hoping they do not have to lay off the next round of people. they see regulation after regulation coming from washington. they have no idea what it will cost them. they are worried about going forward because of hidden costs. then they see our president promising the top tax rate on small businesses goes to about 40%. that only pays for 8% of his proposed deficit spending. overseas, where i come from, that means make superior. we both live near canada. the canadians have this figured out. other countries have this figured out. canadians lowered taxes on businesses to 15%. president obama wants the tax rate on our successful small businesses and job creators above 40%. when we tax our job creators at much higher tax rates than foreign competitors, we went -- we win and they lose. we do not want to tax the small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confide
. because i already called the race two nights ago. so the question is for you an governance perspective, you are dealing with an economy that has grown at a rate that nobody is happy with so what are you going to do? >> we need every single voter engaged. as you know from your lifetime in politics elections are long and very complicated processes, a lot can happen in 40 days, so we'll keep pushing forward until the end of this thing. in terms of the economic questions for the president he is going to do what he has done throughout this campaign, where we started and what he inherited. we boss 3.5 million jobs headed into the first six months before he took the oaf value office. and what he has done to move us forward. and we're going to talk about the things we want to do and the plans he has to move us forward. some of the plans are on the table and have been obstructed by congress like the american jobs act, and some of these plans he has outlined on the stump and in our advertising, in terms of the energy solution investments in education and infrastructure. so
government in my judgment. then hillary put out a magnificent statement which was followed by the white house repudiating the american embassy statement and making a statement calling the egyptian government to task. and libya we were more conciliatory because the libyan president had to denounce the attack. but that's notted ." i mean, if the libyan government can't control its cops and its military and provide protection for foreign embassies, it's not a government. and we should be denunciatory. and we should punish. i doubt that there is a single country in the world in western civilization that wouldn't have immediately called back its ambassador and egypt still possible and certainly cut off or put in terms as it related to the two billion that egypt receives from the united states and i'm sure libya receives money -- i don't know how much, but i'm sure it does. and the amount was greater because the imbass door from libya had help arab spring. i've never been supportive of the arab spring. i know the columnists and the "times" and elsewhere extol it. we're friends with people who i'm s
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